In the final quarter of last year, Tesla's Model Y and Model 3 dominated the U.S. electric vehicle market, making up 41% of all EV sales. While competitors like Ford and General Motors are investing billions without significant returns, Tesla remains profitable. Ford's Mustang Mach-E and F-150 Lightning are struggling, capturing only 4.4% and 2.5% of the market respectively. The article raises questions about why Tesla maintains its lead, with CEO Elon Musk being a prominent factor contributing to the brand's success despite aging models.
Despite the surge in competition, Tesla's Model Y and Model 3 continue to dominate the American EV market, showcasing robust sales even amid overall industry struggles.
Ford's ambitious EV investments have not paid off yet, with significant financial losses exemplified by its Mustang Mach-E and F-150 Lightning failing to capture expected market share.
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